Financials BlueNord ASA

Equities

NOR

NO0010379266

Oil & Gas Exploration and Production

Market Closed - Oslo Bors 10:45:00 2024-05-31 am EDT 5-day change 1st Jan Change
550 NOK -0.90% Intraday chart for BlueNord ASA +0.92% +10.55%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,536 3,412 3,703 10,082 12,987 14,361 - -
Enterprise Value (EV) 1 12,064 9,758 13,080 18,796 24,372 25,925 24,773 25,050
P/E ratio - 33.4 x -7.84 x -32.1 x 15.3 x 16.2 x 5.46 x 6.78 x
Yield - - - - - 8.47% 32% 26.5%
Capitalization / Revenue 1.77 x 0.71 x 0.74 x 1.02 x 1.56 x 1.61 x 0.98 x 1.13 x
EV / Revenue 3.87 x 2.03 x 2.6 x 1.9 x 2.92 x 2.91 x 1.69 x 1.97 x
EV / EBITDA 10.3 x 4.6 x 5.88 x 3 x 5.51 x 4.89 x 2.34 x 2.79 x
EV / FCF -1.26 x 18.5 x -8.28 x 5.75 x -38.1 x 14.7 x 4.2 x 7.02 x
FCF Yield -79.6% 5.39% -12.1% 17.4% -2.63% 6.78% 23.8% 14.2%
Price to Book 1.03 x 0.65 x 0.86 x 1.6 x 2.05 x 1.87 x 2.66 x 4.92 x
Nbr of stocks (in thousands) 24,549 24,111 24,111 25,557 26,105 26,110 - -
Reference price 2 225.5 141.5 153.6 394.5 497.5 550.0 550.0 550.0
Announcement Date 2/25/20 2/18/21 2/16/22 2/15/23 2/20/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,119 4,801 5,030 9,899 8,348 8,903 14,658 12,689
EBITDA 1 1,171 2,121 2,226 6,257 4,421 5,305 10,601 8,967
EBIT 1 711.8 1,383 1,282 4,890 3,350 3,793 8,069 6,640
Operating Margin 22.82% 28.8% 25.49% 49.41% 40.13% 42.6% 55.05% 52.33%
Earnings before Tax (EBT) 1 -1,733 -152.7 44.52 2,546 1,743 2,775 7,133 5,770
Net income 1 2,014 144.2 -471.9 -312.2 861.1 1,092 2,648 2,137
Net margin 64.56% 3% -9.38% -3.15% 10.31% 12.27% 18.07% 16.84%
EPS 2 - 4.241 -19.59 -12.29 32.48 33.88 100.7 81.16
Free Cash Flow 1 -9,600 526.1 -1,581 3,270 -640.1 1,758 5,902 3,568
FCF margin -307.81% 10.96% -31.42% 33.03% -7.67% 19.74% 40.27% 28.12%
FCF Conversion (EBITDA) - 24.81% - 52.26% - 33.14% 55.68% 39.79%
FCF Conversion (Net income) - 364.82% - - - 160.92% 222.88% 166.98%
Dividend per Share 2 - - - - - 46.60 176.0 145.6
Announcement Date 2/25/20 2/18/21 2/16/22 2/15/23 2/20/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 - 2,696 3,043 2,352 2,316 1,984 2,193 1,932 1,837 1,655 2,315 3,132 3,783 3,676
EBITDA 1 - 1,699 2,049 1,431 1,277 1,028 1,162 997.6 956.6 796.6 1,451 2,124 2,939 2,832
EBIT 1 - 1,346 1,738 1,107 1,003 744.5 891.4 714.1 - 509.2 1,068 1,593 2,308 2,169
Operating Margin - 49.92% 57.1% 47.06% 43.31% 37.53% 40.65% 36.96% - 30.77% 46.13% 50.84% 61.02% 59.01%
Earnings before Tax (EBT) 1 - 427.3 1,415 892.7 776.2 314.2 350.8 304.5 86.96 319.5 817.4 1,353 2,105 1,977
Net income 1 -434.1 -501.5 -124.4 774 436.9 196 -69.07 283.5 -54.35 114.5 300.8 525.1 758.7 716
Net margin - -18.6% -4.09% 32.91% 18.87% 9.88% -3.15% 14.67% -2.96% 6.92% 12.99% 16.76% 20.06% 19.48%
EPS 2 -18.37 -20.35 -5.185 30.71 11.55 7.072 -2.193 10.48 - 2.718 9.835 19.06 28.53 26.82
Dividend per Share 2 - - - - - - - - - - - 43.56 33.13 47.02
Announcement Date 5/9/22 7/12/22 10/26/22 2/15/23 5/10/23 7/12/23 10/18/23 2/20/24 5/7/24 - - - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 6,528 6,346 9,377 8,714 11,385 11,565 10,413 10,690
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.576 x 2.993 x 4.213 x 1.393 x 2.575 x 2.18 x 0.9823 x 1.192 x
Free Cash Flow 1 -9,600 526 -1,581 3,270 -640 1,758 5,902 3,568
ROE (net income / shareholders' equity) 75.8% 2.79% -9.45% -5.57% 12.4% 14% 39% 44.1%
ROA (Net income/ Total Assets) - - - - 2.5% 4.8% 7% 6.4%
Assets 1 - - - - 34,479 22,759 37,830 33,384
Book Value Per Share 2 219.0 218.0 178.0 247.0 243.0 294.0 207.0 112.0
Cash Flow per Share - - - - - - - -
Capex 1 10,836 1,971 2,025 2,473 3,258 2,404 1,757 2,122
Capex / Sales 347.45% 41.05% 40.25% 24.99% 39.03% 27% 11.99% 16.72%
Announcement Date 2/25/20 2/18/21 2/16/22 2/15/23 2/20/24 - - -
1NOK in Million2NOK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
550 NOK
Average target price
681.7 NOK
Spread / Average Target
+23.94%
Consensus
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